Administrator Deloitte issued this statement about Bowen Travel Group going into administration.
"After exploring all possible avenues for the future of the group, it became clear that due to lack of funds it would be unable to continue to trade. As a result an orderly closure is being implemented. We are working hard to assist the 393 employees with generating claims through the Redundancy Payments Service. We are also seeking a sale for the assets of the group in order to retrieve as much value as possible for creditors."
"We are also working closely with Bonded Coach Holidays to assist impacted customers, ensuring that all are fully aware of the situation and next steps. Customers will receive a letter during the coming days providing information and advice for claiming for unfulfilled holidays. We are also seeking an alternative coach operator to fulfil forthcoming trips and ensure the absolute minimal disruption for holidaymakers."
More top news
Police have praised four teenagers who helped a stab victim, as they walked home from their school prom.
The motorway service station, where a D-Day veteran lost four medals, is offering a reward for them to be returned safely.
The funeral of two schoolboy brothers found dead by police after a domestic disturbance is being held today.